ESIC Tax Offset
ESIC tax offset for investors to help
Established in 2015 as part of the “Ideas Boom” movement, the ESIC tax incentive was designed to boost local investment towards innovative companies. Having ESIC status amongst a pool of other investible companies can make the difference towards a successful fundraise.
non-refundable carry forward tax offsets equal to 20% of the amount paid for up to $1m in qualifying investment.
reduced capital gains tax (CGT) treatment, where capital gains on qualifying shares that are continuously held for at least 12 months and less than ten years may be disregarded.
Qualifying for the ESIC is through a number of apparent and not-so-apparent tests which our team can help you navigate:
As well as many other requirements around shareholdings, affiliations & investment.
Obtaining an ATO private ruling to verify your status can be timely and costly – that’s why we’ve introduced the service to make it more straightforward.
With our Fullstack ESIC Private Ruling service, you’ll get an eligibility questionnaire to quickly assess if you should proceed, and if so, we’ll facilitate the preparation and submission of an ATO private ruling by our tax specialists.
Having a private ruling from the ATO helps provide additional comfort for both potential investors and the company around the criteria has been successfully met.
Here’s why you might consider this service:
Our startup accounting team are passionate about scaling ventures and are across the finer points of making every dollar count.
Lean on our startup specialist focus and our networks of talent & investors to help navigate through the hidden pitfalls of startup tax legislation.
We help prepare ATO private rulings to help provide investor more confidence around the incentive.
Get the professional tax advice you need to reduce surprises and improve access to the ESIC tax offset
Reach out to discuss eligibility & outcomes for your ESIC status today.
We will never share your details with any third-party.
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120 Spencer St Melbourne VIC 3000
310 Edward St Brisbane QLD 4000